![]() ![]() When calculating your premium, insurers will look at several risk factors to determine how likely you are to make a claim and how expensive that claim will be. Make sure you’re comparing like-for-like if you’ve selected comprehensive car insurance with breakdown and legal cover for multi-car insurance, be sure the separate car insurance quotes include the same features. To be sure you’re getting the best deal, it’s wise to compare the cost of multi-car insurance against separate car insurance quotes for each car to see what works out cheaper overall. However, be aware that while multi-car insurance has the potential to save your household money, there’s no guarantee it will work out cheaper than buying separate insurance policies for each vehicle, as each provider will have different rates and policies. Shopping around and comparing quotes from a range of insurers is key to keeping the cost of multi-car insurance down. This means the more cars you add, the more money you save. Many insurers offer a discount for each car you add to your multi-car insurance policy. The renewal date is also the same – this is usually based on the date the first car was added to the policy This means that the level of cover and the optional extras are the same for each car and driver. ![]() A single policy for multiple cars: This is one policy for all vehicles.Each policy also has its own renewal date For example, you might select a comprehensive insurance policy for your own car but a third party fire and theft policy for your teenager. Linked policies: Each car you insure has its own policy, and you can decide on individual levels of cover.There are two main types of multi-car insurance to be aware of. In many cases, multi-car insurance only covers cars at a single address, but some providers will also cover family members who live elsewhere, for example, if your child is at university. Keeping your discount separate is important, as it means that if one person on the multi-car policy is involved in an accident and makes a claim, only their no claims bonus is likely to be affected – the discounts for everyone else will usually remain unchanged. This reduces the price of your premium for each year you don’t make a car insurance claim. Most multi-vehicle insurance policies let each policyholder build up their own no claims discount (or bonus). These add-ons will apply to all the vehicles and drivers on the policy.Ĭhoosing a multi-car insurance policy means you’ll usually only have one set of paperwork to deal with, and you might also only have one renewal date, making the whole process much easier to manage. This is typically around 10 per cent.ĭepending on which insurance provider you choose, you might be able to add multi-car breakdown cover to your policy, as well as other optional extras such as legal cover. The key difference is that you usually receive a discount for each car you add to the policy. Multi-car insurance policies come with the same features as single-car policies. You might also be able to add up to 12 drivers to your policy, but again, this will depend on the insurance provider. Depending on the insurer, multi-car insurance policies typically cover between two and six cars, although some will cover up to 10. Multi-car insurance enables you to cover two or more vehicles under the same car insurance policy with a single provider. ![]()
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